What is the major advantage of the weighted average costing method?
A) It is simple.
B) It is accurate.
C) It is the required method.
D) It is the preferred method.

Question

Quizplus · Accepted Answer

The major advantage of the weighted average costing method is its simplicity, as it averages out costs, making it easier to calculate and apply compared to other methods like FIFO or LIFO.

What Is the Major Advantage of the Weighted Average Costing